The IRS is taking steps to provide relief to taxpayers on a variety of issues ranging from easing payment guidelines to postponing compliance actions. One of the key actions of the People First Initiative is focused at taxpayers with existing installment agreements. If you have an existing Installment Agreement, payments between April 1, 2020 and July 15, 2020 are suspended. However, by law, interest will continue to accrue on any unpaid balances.
Highlights of this and other key actions in the IRS People First Initiative are detailed at the following link: https://www.irs.gov/newsroom/irs-unveils-new-people-first-initiative-covid-19-effort-temporarily-adjusts-suspends-key-compliance-programREAD MORE